Anemic Job Growth Casts Pall On Recovery ; Analysts Forecast 125,000, but Only 1,000 Were Created
The Record, Bergen County, NJ › January 12, 2004
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Summary
WASHINGTON - U.S. job creation slowed to a trickle in December, casting doubt on forecasts that faster economic growth this year will create jobs.
The number of jobs nationwide grew by a scant 1,000 last month, the Labor Department reported Friday. The unemployment rate fell to 5.7 percent from 5.9 percent the previous month, but that was because more people gave up looking for work, and official statistics don't count them as unemployed.See the full content of this document
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Anemic Job Growth Casts Pall On Recovery ; Analysts Forecast 125,000, but Only 1,000 Were Created
The unexpectedly weak report was bad news for President Bush, who is counting on a jobs revival to boost his reelection campaign.
"Neither business nor potential employees have confidence in the economy," said Sung Won ...See the full content of this document
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